Gildan Activewear, Inc. (NYSE:GIL) Given Consensus Rating of “Moderate Buy” by Brokerages

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $80.0769.

A number of research firms have recently issued reports on GIL. Stifel Nicolaus boosted their price target on shares of Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. TD Securities reiterated a “buy” rating and issued a $77.00 target price on shares of Gildan Activewear in a report on Tuesday, January 27th. National Bank Financial boosted their target price on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. UBS Group reaffirmed a “buy” rating and issued a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gildan Activewear in a report on Monday, December 29th.

Gildan Activewear Trading Down 1.4%

GIL opened at $61.53 on Tuesday. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 23.48 and a beta of 1.05. The company’s 50 day simple moving average is $66.91 and its two-hundred day simple moving average is $61.25. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $73.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.11 and a quick ratio of 1.05.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.83 earnings per share. The firm’s revenue was up 31.1% compared to the same quarter last year. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts expect that Gildan Activewear will post 3.48 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Thursday, March 19th will be paid a $0.249 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Thursday, March 19th. Gildan Activewear’s payout ratio is presently 34.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its holdings in Gildan Activewear by 3.9% in the fourth quarter. Corient Private Wealth LLC now owns 9,043 shares of the textile maker’s stock valued at $566,000 after purchasing an additional 339 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Gildan Activewear by 14,833.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 448 shares of the textile maker’s stock worth $28,000 after purchasing an additional 445 shares in the last quarter. MidFirst Bank purchased a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $379,000. Invesco Ltd. lifted its position in shares of Gildan Activewear by 6.0% during the 4th quarter. Invesco Ltd. now owns 216,434 shares of the textile maker’s stock worth $13,518,000 after buying an additional 12,261 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings in shares of Gildan Activewear by 1.7% in the 4th quarter. Alberta Investment Management Corp now owns 1,116,596 shares of the textile maker’s stock valued at $69,793,000 after buying an additional 18,900 shares in the last quarter. 82.83% of the stock is owned by institutional investors and hedge funds.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.